Petaling Jaya: The ASEAN Capital Markets Forum (ACMF) today held a joint meeting and technical training session in Singapore to mark the launch of the two first IFRS Sustainability Disclosure Standards (ISSB Standards) by the International Sustainability Standards Board (ISSB).
This two-day event is part of a global program of events marking the launch of the ISSB Standards for General Sustainability and Climate-Related Disclosure Requirements.
The ISSB announced the IFRS Foundation at COP26 in Glasgow in November 2021 to develop a global baseline for sustainability disclosures to meet the global investor need for information on sustainability-related risks and opportunities. Founded by Its efforts are encouraged by the G20, the International Organization of Securities Commissions, and others.
As part of its efforts to promote sustainable development through capital markets, the ACMF has developed a Roadmap for ASEAN Sustainable Capital Markets, which includes promoting corporate sustainability disclosure as a priority recommendation.
To this end, the ACMF has worked with the ISSB to raise awareness and build capacity for ISSB standards.
Joint ACMF and ISSB meetings and technical training sessions build on the ongoing regular dialogue between the ACMF and ISSB. This is because the ACMF will assess the feasibility of adopting ISSB standards based on each jurisdiction’s own legal and regulatory arrangements for international standards. This is a way to promote consistent and comparable sustainability disclosure across ASEAN.
A joint conference was held today with online participation. The event was attended by over 1,000 ASEAN regulators, investors, businesses and other stakeholders, of whom more than 200 attended in person.
Today’s technical training sessions are aimed at regulators (face-to-face mode) and enterprise preparers (hybrid mode). This session will detail the technical aspects of ISSB standards and their practical implications for regulators and corporate authors respectively.
“ASEAN securities regulators play an important role in supporting the region’s sustainability efforts. We welcome the launch and look forward to fruitful discussions on how the ISSB global baseline can be incorporated into the ASEAN region.”
“The ISSB standards are designed to provide a high-quality global baseline for sustainability-related disclosures that meet the information needs of investors, thereby enabling global capital markets to contributes to the good functioning of We look forward to continuing our engagement with stakeholders across ASEAN regarding the adoption of the global baseline. “
The conference was held with the support of the Asian Development Bank, a development partner of the ACMF since its establishment in 2004.
